About L&T Housing Finance Limited
Data last updated:
L&T Housing Finance Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of L&T Finance Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the housing finance companies segment of the financial services sector. It was incorporated on 31 August 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1994PLC259630. Its GSTIN is 32AAACW1328G3ZQ (Kerala). The company held 10 GST registrations, of which 6 are active.
The company had an authorised share capital of ₹222 Cr and a paid-up capital of ₹165.37 Cr. It was formerly known as Indo Pacific Housing Finance Limited and Aig Home Finance India Limited. It was led by directors including Srikanth Janakirama (Whole-Time Director) and Pradeep Vasudeo Bhide.
Its last annual general meeting (AGM) was held on 28 July 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Brindavan Plot No. 177 C.S.T Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2020, the company reported a revenue of ₹1,323.1 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹166.36 Cr (net margin 12.6%) and EBITDA of ₹1,041.96 Cr (EBITDA margin 78.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 30% over five years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹10,548 Cr on record. Court records list 8,137 cases involving the company, including 7,659 filed by the company and 480 filed against it; 1,383 cases are pending. The company has 1 deal on record (1 debt financing), with disclosed funding of ₹513.9 Cr; the latest was in July 2009. Its 6 peer companies in the BFSI industry (Finance, Housing Finance), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 3 smaller; the largest is Indostar Capital Finance Limited with revenue of ₹1,397.54 Cr.
The last known website on record is ltfs.com.
Company details
Name history
L&T Housing Finance has undergone 3 name changes throughout its history. The company was previously known as Indo Pacific Housing Finance Limited, Aig Home Finance India Limited, and Weizmann Homes Limited. The current legal name is L&T Housing Finance Limited.
| Company Name | Status |
|---|---|
| L&T Housing Finance Limited | Current |
| Indo Pacific Housing Finance Limited | Previous |
| Aig Home Finance India Limited | Previous |
| Weizmann Homes Limited | Previous |
CIN history
L&T Housing Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45200MH1994PLC259630, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1994PLC259630 | Current |
| U45200MH1994PLC080634 | Previous |
| U45200DL1994PLC198639 | Previous |
Contact details
L&T Housing Finance Limited's registered office is in Mumbai, Maharashtra. Its website is ltfs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBrindavan Plot No. 177 C.S.T Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Housing Finance Companies
To see the full contact details of L&T Housing Finance Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of L&T Housing Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of L&T Housing Finance Limited, buy the company report.
Financials of L&T Housing Finance Limited
FY 2020 filings availableL&T Housing Finance Limited reported revenue of ₹1,323.1 Cr (down 12% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA fell 20% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1,323.1 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,041.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹166.36 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 78.8% | ||||
| Net Profit Margin | 12.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of L&T Housing Finance Limited, buy the company report.
Board of directors of L&T Housing Finance Limited
L&T Housing Finance has 5 current directors and 46 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Vasudeo Bhide | Director | 28 Jun 2018 | 8 Years 3 Months | As last reported |
| Rajani Rajiv Gupte | Director | 20 Mar 2015 | 11 Years 7 Months | As last reported |
| Dinanath Mohandas Dubhashi | Director | 09 Oct 2012 | 14 Years 0 Months | As last reported |
| Srikanth Janakirama | Whole-Time Director | 08 Jun 2020 | 6 Years 4 Months | As last reported |
| Rishi Mandawat Also directs: Builtsuit DC Park 1 LLP, Dhoot Transmission Limited, Manappuram Finance Limited and 5 more | Director | 28 Apr 2019 | 7 Years 5 Months | As last reported |
Peer comparison
L&T Housing Finance Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, Housing Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indostar Capital Finance Limited | ₹1,397.54 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| Onemi Technology Solutions Limited | ₹1,352.69 Cr (FY 2025) | -20.0% | Mumbai, Maharashtra, India | |||
| Mahindra Rural Housing Finance Limited | ₹1,349.8 Cr (FY 2023) | -2.0% | Mumbai, Maharashtra, India | |||
| L&T Housing Finance Limitedthis company | ₹1,323.1 Cr (FY 2020) | ₹166.36 Cr | 12.6% | -12.0% | 4 | Mumbai, Maharashtra, India |
| SMFG India Home Finance Company Limited | ₹1,307.11 Cr (FY 2025) | 30.0% | Sriperumbudur, Tamil Nadu, India | |||
| Tamilnadu Transport Development Finance Corporation Limited | ₹1,230.29 Cr (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| Aseem Infrastructure Finance Limited | ₹1,195.7 Cr (FY 2024) | 52.0% | New Delhi, Delhi, India |
To see the full peer comparison of L&T Housing Finance Limited, buy the company report.
Auditor
L&T Housing Finance Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2020 | 117366W/W100018 |
Shareholding
The shareholding of L&T Housing Finance Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of L&T Housing Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Apr 2018 | 100173250 | Hdfc Bank Limited | ₹200 Cr | Satisfied | |
| 27 Dec 2017 | 100147112 | Others | ₹300 Cr | Satisfied | |
| 28 Sep 2017 | 100128579 | The Catholic Syrian Bank Ltd | ₹50 Cr | Satisfied | |
| 27 Sep 2017 | 100130903 | Others | ₹350 Cr | Satisfied | |
| 27 Sep 2017 | 100130981 | Others | ₹125 Cr | Satisfied |
To see the full charge records of L&T Housing Finance Limited, buy the company report.
Total charge records: 111 View all charges
Deals & funding
L&T Housing Finance Limited has 1 deal on record (1 debt financing), with disclosed funding of ₹513.9 Cr; the latest was in July 2009.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2009 | Debt financing | ₹513.9 Cr | Investors: International Finance Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
L&T Housing Finance Limited has 8,137 court cases on record: 7,659 filed by L&T Housing Finance, 480 filed against it. 1,383 cases are pending and 6,754 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7,634 | 196 | 1,326 |
| High courts | 477 | 262 | 50 |
| Supreme Court | 22 | 18 | 7 |
| NCLT | 4 | 4 | 0 |
Cases on record (5 of 8,137)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed by the company against Citi Financial Consumer Finance India Limited and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against JPK Bizglobe LLP | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by an individual | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed against the company by an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
To see the full case history of L&T Housing Finance Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
L&T Housing Finance Limited was last rated by Icra on 26 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Apr 2021 |
To see the full credit ratings and regulatory alerts of L&T Housing Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for L&T Housing Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
L&T Housing Finance Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
L&T Housing Finance has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACW1328G3ZQ | Kerala | Active | 15 Jul 2017 |
| 06AAACW1328G1ZN | Haryana | Active | 16 Jul 2017 |
| 19AAACW1328G1ZG | West Bengal | Active | 16 Jul 2017 |
| 22AAACW1328G1ZT | Chhattisgarh | Active | 16 Jul 2017 |
To see the full GST registrations and return filing status of L&T Housing Finance Limited, buy the company report.
Recent activity
L&T Housing Finance Limited has 49 board changes on record since 2007: 5 appointments and 44 cessations. The latest: Srikanth Janakirama ceased to be Additional Director on 28 Jul 2020.
294 earlier events are in the company report.
News
Frequently asked questions
L&T Housing Finance has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
L&T Housing Finance was a public limited company based in Mumbai, Maharashtra, India. The company worked in housing finance companies, within the financial services industry. It was incorporated on 31 August 1994 and is registered under CIN U45200MH1994PLC259630. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
L&T Housing Finance was incorporated on 31 August 1994. It is registered with the Registrar of Companies, Mumbai.
L&T Housing Finance had 5 directors:
- Srikanth Janakirama - Whole-Time Director
- Pradeep Vasudeo Bhide - Director
- Rajani Rajiv Gupte - Director
- Dinanath Mohandas Dubhashi - Director
- Rishi Mandawat - Director
The CIN (Corporate Identification Number) of L&T Housing Finance is U45200MH1994PLC259630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of L&T Housing Finance is at Brindavan Plot No. 177 C.S.T Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
L&T Housing Finance can be reached through the website ltfs.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of L&T Housing Finance on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 July 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of L&T Housing Finance is 32AAACW1328G3ZQ, registered in Kerala. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 06AAACW1328G1ZN (Haryana), 19AAACW1328G1ZG (West Bengal), 22AAACW1328G1ZT (Chhattisgarh).
L&T Housing Finance operated in the financial services industry, in the housing finance companies segment.
L&T Housing Finance has 1 deal on record (1 debt financing), with disclosed funding of ₹513.9 Cr; the latest was in July 2009.